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$330,000

$349,900

705 Ray St, Sherman, TX, 75090

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,593 Sq Ft
price_per_sqft$127.27 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Must-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size8,364 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APNS044 2721019
Lot Number6
SubdivisionCopley Addn Phase Two Replat Pt Blk 5 Al
Land UseResidential
Legal DescriptionCOPLEY ADDN PHASE TWO REPLAT PT BLK 5 ALL OF 6 & 7 PT OF 8, BLOCK 2, LOT 6, ACRES .192
Census Tract001500
Assessed Land Value$58,210
Assessed Improvement Value$389,561
Assessment Year2025

About this property

Located at the end of a cul de sac in a quiet established area, this move in ready home offers a peaceful setting. Mature trees and nearby green space add to the inviting feel. A striking two story entry inside and out welcomes you into the home, where abundant natural light and a wide foyer create an open and airy feel from the moment you step inside. Just off the entry, the office features French doors and front facing windows, offering a bright and functional workspace. A built in drop zone with bench seating and storage cubbies provides a convenient everyday landing space as you enter from the garage, while a nearby half bath is perfectly positioned for guest use downstairs. The open concept living, kitchen, and dining areas are designed for both entertaining and everyday living, with generous space for large gatherings. The kitchen offers a large island with power, granite countertops, extensive cabinet storage, and a spacious pantry, all overlooking the living room with its wood burning fireplace and direct access to the covered back porch. The private downstairs primary suite includes an en suite bath with double vanities, a garden tub, separate shower, and oversized walk in closet with direct access to the utility room. Upstairs, a loft provides additional living space alongside three secondary bedrooms and a full bathroom. Additional storage has been thoughtfully incorporated throughout the home, including space tucked beneath the staircase. The backyard offers a quiet place to relax and includes a greenhouse for those who enjoy gardening. Conveniently located near Crutchfield Elementary with easy access to Hwy 75 for commuting to McKinney or Denison, this property is also close to shopping, restaurants, and parks.

Investor Tools

$276,944Estimated Mortgage Balance
$170,827Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,687 /month
Positive
Cash Flow Estimate:
$896 /month

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Ken Taylor

RE/MAX Signature Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$985/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,580
$447,771
2025
$58,210
$389,561
$447,771
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,580
$447,771

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Home Loans Llc
Conventional
$297,200
No
First
Nov 17, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,944
$170,827
38%
62%
$1,782/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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705 Ray St | Property Details | No Agent List